Bitcoin ETFs Bounce Back: Is the Crypto Rollercoaster Just Getting Started?

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Well, well, well! It seems that the Spot Bitcoin ETFs in the U.S. have decided to stop their dramatic exit and actually let some money back in. On April 14, as if by magic (or perhaps just a well-timed government announcement), investor sentiment perked up like a cat spotting a laser pointer. This was all thanks to the government rolling back tariffs on Chinese tech products—yes, those delightful gadgets we can’t live without, like smartphones and computers. Who knew tariffs could be so influential? 📱💻

According to the ever-reliable SoSoValue data, the 12 spot Bitcoin ETFs managed to scrape together a modest $1.47 million in net inflows on Monday. This was a welcome change after a week-long outflow streak that saw a staggering $878 million vanish faster than your last paycheck. BlackRock’s IBIT led the charge with a respectable $36.72 million in inflows, while Fidelity’s FBTC decided to play the role of the party pooper, offsetting most of that with $35.25 million in outflows. The other ETFs? Well, they had a rather uneventful day, probably just sipping coffee and watching the chaos unfold.

On that fateful day, the overall daily trading volume across all BTC ETFs hit a whopping $2.16 billion. Yes, billion with a ‘B’! Since their launch, total net inflows have reached $35.36 billion. While this tiny bounce might hint at a shift in sentiment, Ether ETFs were not so lucky. They continued their downward spiral, losing $5.98 million on Monday. Fidelity’s FETH was the biggest loser, shedding $7.78 million, while 21Shares’ CETH tried to soften the blow with a paltry $1.8 million in inflows. Talk about a rough day at the office! 😬

The slight uptick in ETF sentiment came after President Donald Trump announced that certain Chinese tech products would be exempt from his “reciprocal” tariffs. This announcement followed weeks of escalating tensions between the U.S. and China, where both sides had been slapping tariffs on each other like they were in a particularly heated game of tennis. The U.S. had imposed tariffs as high as 145%, while China retaliated with 125%. It was a real nail-biter, folks!

After the rollback, U.S. stock markets closed higher, and Bitcoin (BTC) jumped back above $85,000, having held strong at the $84,000 support level. It’s now up nearly 7% over the past week, which is a nice change of pace. However, don’t get too comfortable; the rollback, issued early on Saturday, may be as short-lived as a New Year’s resolution. Trump later clarified that these goods were simply being moved into a different tariff group or “bucket.” Because, of course, that makes everything better! 🎩

Analysts at crypto.news are buzzing about Bitcoin forming a Shark Harmonic pattern—yes, you heard that right, a Shark! This technical setup often follows a consolidation phase, and if it plays out, BTC might just push past its previous all-time high near $110,000 before facing any major pullback. Fingers crossed, right?

But wait, there’s more! Not all macro trends are playing nice. Agne Linge, head of growth at decentralized bank WeFi, pointed out that rising 30-year bond yields in Japan just hit 2.345%, their highest level in 30 years. Linge warned that this could signal a shift away from risk assets like Bitcoin, especially for institutions that prefer to play it safe. “If the Bank of Japan reacts by raising interest rates, we could see liquidity dry up in both traditional markets and crypto,” she told crypto.news. “Crypto tends to do well when there’s more excess liquidity. So if Japan tightens up, it might pressure the space—at least short-term.” Yikes!

On a brighter note, she added that the U.S. might help counterbalance this pressure. “Since the U.S. is a bigger market, the world may respond more toward the country’s monetary policies than Japan,” she said. So, there’s that! Let’s just hope the U.S. doesn’t decide to throw a wrench in the works anytime soon. 🤞

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2025-04-15 11:01